Alok Industries Limited has released its Annual Secretarial Compliance Report for the financial year ended March 31, 2026. The report, issued by practicing company secretary Virendra G. Bhatt, confirms that the company has adhered to all applicable corporate governance standards and procedural requirements throughout the review period. The document highlights the company’s commitment to transparent operational practices and provides an update on the ongoing legal proceedings regarding a 2020 adjudication order.
Compliance Overview
In accordance with industry standards, Alok Industries Limited has concluded its secretarial audit for the 2025-26 financial year. The audit process involved a comprehensive review of board processes, public disclosures, and internal policy maintenance. The findings indicate that the company has remained in full compliance with all necessary protocols throughout the year, ensuring that all policies are current and approved by the Board of Directors.
Operational Transparency and Governance
The company maintains a high level of transparency, with all required information and material events disclosed within the specified timeframes. Notable achievements include the timely update of all governance policies and the accurate dissemination of information through the company’s website. Furthermore, the audit confirmed that the company has effectively maintained its secretarial standards as issued by the Institute of Company Secretaries of India (ICSI).
Legal Matter Update
The report provides a status update on a historical legal matter. A penalty of ₹12,00,000 imposed by an adjudication order in July 2020 was previously challenged by the company. While the Securities Appellate Tribunal (SAT) quashed the order in December 2020, the regulatory body subsequently filed a Civil Appeal with the Supreme Court of India. This matter remained pending before the Honorable Supreme Court as of March 31, 2026.
Internal Controls and Performance
The audit verified that the company has conducted rigorous performance evaluations for its Board, Independent Directors, and various committees. Additionally, all related party transactions were executed with prior approval from the Audit Committee, demonstrating robust internal financial controls and commitment to stakeholder interests.
Source: BSE
